Charging a Fee for SS

Foreclosures, Short Sales, Tax Foreclosures
1

Not sure if this has already been discussed or not, but do any of you charge an upfront fee to negotiate a short sale.

Especially those of you who specialize in ss negotiation and have no desire to do anything else with realestate.

Not sure if anyone does just that or if everyone does short sales to profit from the exit strategy?

2

I am strongly against charging any fees to a homeowner in foreclosure. Especially ANY up front fees. I get paid for a successful short sale.

GooD Luck! :beer

3

Thanks so much. What I was actually wondering is if you have an established relationship with a mortgage broker or realestate agent who doesn’t have a clue on how to work a ss is it okay to charge them a fee for your service up front.

Just wondering because I was thinking about solely doing short sales without selling after getting them approved. But just did’nt know if it were fair to charge an up front deposit for your services.

I would only be working with the mortgage broker, investors or realestate agents directly.

Has anyone tried this approach before or do you solely do ss with an exit strategy of selling it in the end?

Thanks in advance.

4

There are a number of companies who will do the work to get a short sale approved. The better ones get paid at the close of escrow. Google “Short Sale Company” for ideas. I would never pay upfront for this type of service.

5

Thanks so much for the guidance. That’s exactly what I needed to hear.

Now I know what approach I need to take. I have been used to getting paid for services at the end of the deal but I have also been an investor doing the short sale as a curtesy but now I have been thinking of just focusing on ss only. Not 100% sure yet but I am around 60% leaning toward that scenario.

Thanks so much again for the insite.